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Another year of double-digit market growth is expected for analog ICs in 2022 after sales in this semiconductor category surged by an unprecedented 30% in 2021, according to IC Insights.
Total analog IC sales are forecast to grow 12% to US$83.2 billion in 2022, with shipments increasing 11% to 238.7 billion units, IC Insights said. The average selling price (ASP) of analog ICs is projected to rise 1% in 2022.
The analog IC market growth of 30% in 2021 lifted sales to an all-time high of US$74.1 billion, when shipments climbed 22% to 215.1 billion units - also a record high, IC Insights indicated. The combination of strong demand and well-documented supply-chain disruptions contributed to a 6% rise in the chip ASP last year.
This year, every major general-purpose analog and application-specific analog market category tracked by IC Insights is forecast to post sales increases ranging from 7% growth in the amplifiers and comparators segment to 17% growth for automotive application-specific analog ICs.
Growing shipments of 5G cellphone handsets and the infrastructure to support them are one of the key reasons that the communications segment is expected to account for the largest portion of analog IC sales in 2022, IC Insights said. Power management ICs are forecast to be the second-largest analog segment in 2022.